Nifty Big fall Ahead

11월 12일

Nifty Big correction comming days expecting in daily timeframe it is rejecting founding resistance at 100 ema now it is heading to test 200 ema on daily front in my view it will drop below that so keep checking the levels.

Current Market Sentiment:

Bullish outlook as long as Nifty holds above the 24,000 mark. If 23,800 breaks, a Head and Shoulders pattern may be activated, signaling a potential 10% correction in the coming days.

Key Levels to Watch:

Support Levels:
24,000 – 23,800: This range represents critical support. If Nifty sustains above this level, the bullish trend remains intact.
A break and sustained move below 23,800 could confirm the Head and Shoulders pattern and lead to a deeper fall.

Resistance Levels:

24,300 – 24,550: Recent highs that will act as key resistance.
Breakout above 24,300 could push Nifty towards 24,500 – 24,800 and possibly 25,000.
Breakdown below 23,800 could trigger a correction towards 23,000 or even 21,000, aligning with the pattern’s target.

Head and Shoulders Pattern:

This pattern becomes valid only if Nifty sustains below 23,800. The measured target of the pattern suggests a 10% fall from the breakdown level, which would put Nifty in the range of 21,000 to 22,000.
If Nifty holds above 23,800, the pattern remains invalid and bullish momentum could continue.

11월 13일

액티브 트레이드

NIfty looking bad voilated good support of 23800 area.

11월 16일

노트

As Gift Nifty closed on lower side expecting a Gap down for Monday(18 Nov) open.

12월 6일

노트

Testing the Head and Shoulder pattern Neck now watch for rejection or breakout here
if rejects could test to immediate support levels below 24500 and 24350 areas.
if breaks out will test 25k and 25250-25300 area above.